Summary
ONEOK, Inc. announced on September 16, 2004, a two-cent per share increase in its quarterly common stock dividend, raising it to 25 cents per share. This dividend increase signals management's confidence in the company's financial health and its ability to generate consistent cash flows. Investors should note the payment date of November 15, 2004, and the record date of October 29, 2004, for this increased payout. This move suggests a positive outlook for ONEOK's performance and its commitment to returning value to shareholders. Investors seeking income-generating investments may find this dividend increase a favorable development, indicating potential stability and growth within the company.
Key Highlights
- 1ONEOK, Inc. declared a quarterly dividend increase of $0.02 per share.
- 2The new quarterly dividend rate for ONEOK common stock is $0.25 per share.
- 3The dividend increase was declared by the company's board of directors on September 16, 2004.
- 4The third quarter dividend payment is scheduled for November 15, 2004.
- 5Shareholders of record as of October 29, 2004, will receive the increased dividend.
- 6This filing is an 8-K report, indicating a material event for the company.